ADP - Automatic Data Processing, Inc.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$243.63
DETAILS
HIGH:
$281.00
LOW:
$190.00
MEDIAN:
$242.00
CONSENSUS:
$243.63
UPSIDE:
8.13%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Revenue | 20,560.9 | 19,202.6 | 18,012.2 | 16,498.3 | 15,005.4 | 14,589.8 | 14,175.2 | 13,327.7 | 12,379.8 | 11,667.8 | 10,938.5 | 12,206.5 | 11,310.1 | 10,665.2 | 9,879.5 | 8,927.7 | 8,867.1 | 8,776.5 | 7,800 | 6,835.6 | 7,983.7 | 7,754.9 | 7,147.0 | 7,004.3 | 7,017.6 | 5,938.9 | 5,540.1 | 4,798.1 | 4,112.2 | 3,566.6 | 2,893.7 | 2,469 | 2,223.4 |
| Cost of Revenue | 10,108.7 | 9,612 | 9,206.7 | 8,767.7 | 8,031.4 | 7,884.1 | 7,554.9 | 7,278.6 | 6,732.2 | 6,313.6 | 5,903.2 | 6,584.8 | 6,059.4 | 5,703.4 | 5,219.1 | 4,586.4 | 4,410.1 | 4,234.8 | 3,681.1 | 3,216.5 | 4,038.7 | 3,525.4 | 3,096.7 | 2,970.6 | 2,900.1 | 2,564.5 | 2,376.2 | 2,063.1 | 1,722.8 | 1,516.4 | 1,177.3 | 1,026.4 | 927.2 |
| Gross Profit | 10,452.2 | 9,590.6 | 8,805.5 | 7,730.6 | 6,974 | 6,705.7 | 6,620.3 | 6,049.1 | 5,647.6 | 5,354.2 | 5,035.3 | 5,621.7 | 5,250.7 | 4,961.8 | 4,660.4 | 4,341.3 | 4,457 | 4,541.7 | 4,118.9 | 3,619.1 | 3,945 | 4,229.5 | 4,050.3 | 4,033.6 | 4,117.4 | 3,374.4 | 3,163.9 | 2,735 | 2,389.4 | 2,050.2 | 1,716.4 | 1,442.6 | 1,296.2 |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| R&D Expenses | 988.6 | 955.7 | 844.8 | 798.6 | 716.6 | 674.1 | 636.3 | 635.4 | 627.5 | 603.7 | 595.4 | 718 | 654.3 | 599.9 | 577.2 | 513.9 | 499.7 | 525.9 | 486.1 | 472.3 | 550.3 | 581.2 | 499.2 | 474.8 | 514.3 | 460.3 | 412.4 | 375.2 | 296.5 | 249.6 | 193.2 | 160.8 | 0 |
| SG&A Expenses | 4,051.7 | 3,691.9 | 3,454.5 | 3,128.8 | 2,932.8 | 2,889.9 | 2,979.4 | 2,835.8 | 2,601.8 | 2,502.4 | 2,425.9 | 2,681 | 2,556.5 | 2,402.9 | 2,258.5 | 2,050 | 2,127.3 | 2,289.8 | 2,126.3 | 1,848.6 | 1,832.8 | 1,903.4 | 1,758.4 | 1,606.7 | 1,665.4 | 1,643.4 | 1,375.2 | 1,206.8 | 1,088.3 | 933.8 | 792.1 | 666.3 | 749.6 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 306.8 | 274.7 | 279.1 | 320.9 | 284.3 | 272.8 | 244.6 | 223.4 | 201.6 | 172.5 | 148.3 | 140.2 |
| Operating Expenses | 5,040.3 | 4,647.6 | 4,299.3 | 3,927.4 | 3,649.4 | 3,564 | 3,615.7 | 3,471.2 | 3,229.3 | 3,106.1 | 3,021.3 | 3,399 | 3,210.8 | 3,002.8 | 2,835.7 | 2,563.9 | 2,627 | 2,815.7 | 2,612.4 | 2,320.9 | 2,383.1 | 2,791.3 | 2,532.2 | 2,360.6 | 2,500.6 | 2,387.9 | 2,060.4 | 1,826.6 | 1,608.2 | 1,385 | 1,157.8 | 975.4 | 889.8 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 5,411.9 | 4,943 | 4,506.2 | 3,803.2 | 3,324.6 | 3,141.7 | 3,004.6 | 2,577.9 | 2,418.3 | 2,248.1 | 2,014 | 2,222.7 | 2,039.9 | 1,959 | 1,824.7 | 1,777.4 | 1,830 | 1,726 | 1,506.5 | 1,298.2 | 1,561.9 | 1,438.2 | 1,518.1 | 1,673.0 | 1,616.9 | 986.5 | 1,103.5 | 908.4 | 781.2 | 665.2 | 558.6 | 467.2 | 406.4 |
| Interest Expense | 455.9 | 365.8 | 257.7 | 86.3 | 59.7 | 107.1 | 129.9 | 102.7 | 80 | 56.2 | 6.5 | 6.1 | 9.1 | 7.7 | 8.6 | 8.6 | 33.3 | 80.5 | 94.9 | 72.8 | 32.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 319.5 | 241.3 | 149.5 | 41 | 36.5 | 84.5 | 97.6 | 83.5 | 76.7 | 62.4 | 56.9 | 56.2 | 64.5 | 85.2 | 88.8 | 98.8 | 134.2 | 149.5 | 165 | 140.4 | 92 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 6,242 | 5,800 | 5,244.6 | 4,405.5 | 3,931.6 | 3,769.7 | 3,544.5 | 2,762.9 | 2,927.2 | 2,579.5 | 2,355.1 | 2,616.9 | 2,410.4 | 2,453.1 | 2,259.5 | 2,181 | 2,246.1 | 2,211.6 | 2,007.2 | 1,680 | 1,899.3 | 1,787.2 | 1,792.8 | 1,952.1 | 1,937.7 | 1,270.8 | 1,376.3 | 1,162.8 | 979.5 | 866.8 | 731.1 | 615.5 | 546.6 |
| EBIT | 5,756 | 5,238.1 | 4,695.3 | 3,890.4 | 3,420.9 | 3,289.7 | 3,135.5 | 2,385.3 | 2,611.1 | 2,290.9 | 2,077.2 | 2,280.7 | 2,093.4 | 2,129.8 | 1,941.3 | 1,871.8 | 1,938 | 1,892.5 | 1,718.4 | 1,434 | 1,625.4 | 1,380.2 | 1,518.1 | 1,673.0 | 1,616.9 | 986.5 | 1,103.5 | 915.2 | 754.6 | 665.2 | 558.6 | 467.2 | 406.4 |
| Income Before Tax | 5,310.1 | 4,872.3 | 4,437.6 | 3,804.1 | 3,361.2 | 3,182.6 | 3,005.6 | 2,171.1 | 2,531.1 | 2,234.7 | 2,070.7 | 2,274.6 | 2,084.3 | 2,122.1 | 1,932.7 | 1,863.2 | 1,904.7 | 1,812 | 1,623.5 | 1,743 | 1,677.9 | 1,494.5 | 1,645.2 | 1,787.0 | 1,525.0 | 1,289.6 | 1,084.5 | 884.2 | 724 | 635.4 | 534.3 | 446.3 | 386.6 |
| Income Tax Expense | 1,230.4 | 1,120.3 | 1,025.6 | 855.2 | 762.7 | 716.1 | 712.8 | 550.3 | 797.7 | 741.3 | 694.2 | 772 | 720.2 | 733.6 | 678.5 | 655.9 | 576.5 | 650.3 | 602.3 | 670.6 | 622.5 | 559.0 | 627.0 | 686.2 | 600.3 | 448.8 | 387.7 | 278.9 | 210.5 | 180.7 | 139.5 | 112.2 | 92.4 |
| Net Income | 4,079.7 | 3,752 | 3,412 | 2,948.9 | 2,598.5 | 2,466.5 | 2,292.8 | 1,620.8 | 1,733.4 | 1,492.5 | 1,452.5 | 1,515.9 | 1,405.8 | 1,388.5 | 1,254.2 | 1,211.4 | 1,332.6 | 1,235.7 | 1,138.7 | 1,554 | 1,055.4 | 935.6 | 1,018.1 | 1,100.8 | 924.7 | 840.8 | 696.8 | 605.3 | 513.5 | 454.7 | 394.8 | 329.3 | 294.2 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 10.02 | 9.14 | 8.25 | 7.04 | 6.10 | 5.73 | 5.27 | 4.28 | 3.87 | 3.26 | 2.91 | 3.14 | 2.84 | 2.85 | 2.54 | 2.42 | 2.64 | 2.23 | 2.03 | 1.46 | 1.81 | 1.19 | 1.36 | 1.78 | 1.47 | 1.34 | 1.13 | 1.01 | 0.88 | 0.79 | 0.69 | 0.59 | 0.52 |
| EPS (Diluted) | 9.98 | 9.10 | 8.21 | 7.00 | 6.07 | 5.70 | 5.24 | 4.25 | 3.85 | 3.25 | 2.89 | 3.12 | 2.81 | 2.82 | 2.52 | 2.40 | 2.63 | 2.20 | 2.01 | 1.45 | 1.79 | 1.18 | 1.34 | 1.75 | 1.44 | 1.31 | 1.10 | 0.98 | 0.85 | 0.77 | 0.69 | 0.59 | 0.52 |
| Shares Outstanding | 407.1 | 410.6 | 413.7 | 418.8 | 426.3 | 430.8 | 435 | 440.6 | 447.8 | 457 | 472.6 | 478.9 | 482.7 | 487.3 | 493.5 | 500.5 | 503.2 | 521.5 | 549.7 | 574.8 | 583.2 | 591.7 | 600.1 | 618.9 | 629.0 | 626.8 | 615.6 | 600.8 | 585.5 | 575.6 | 570.2 | 563.6 | 565.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 3,347.8 | 2,913.4 | 2,083.5 | 1,436.3 | 2,575.2 | 1,908.5 | 1,949.2 | 2,170 | 2,780.4 | 3,191.1 | 2,265.3 | 917.5 | 713.0 | 1,410.2 | 798.8 | 1,275.4 | 1,227.6 | 861.3 | 752.2 | 590.6 | 314.4 | 313.6 | 238.6 | 180.8 |
| Short-Term Investments | 4,498.8 | 384 | 14.7 | 47 | 0 | 0 | 10.5 | 0 | 3.2 | 23.5 | 30.8 | 666.3 | 416.1 | 595.2 | 677.0 | 515.2 | 596.8 | 231.2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 3,579.1 | 3,428.2 | 3,009.6 | 3,170.6 | 2,727.4 | 2,441.3 | 2,439.3 | 1,984.2 | 1,703.6 | 1,742.8 | 1,055.4 | 1,034.6 | 1,057.9 | 1,005.8 | 1,045.2 | 976.6 | 899.3 | 860.8 | 727.9 | 605.1 | 507.2 | 377.1 | 298.1 | 294.3 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 31,826.5 | 38,816.9 | 37,062.8 | 50,151 | 35,439.2 | 27,214.3 | 29,943.3 | 27,669.1 | 28,171.5 | 34,543 | 17,352.4 | 16,190.5 | 574.6 | 664.3 | 296.3 | 316.2 | 340.7 | 241 | 349.2 | 609.6 | 632.7 | 520.4 | 448.7 | 296.2 |
| Total Current Assets | 43,252.2 | 45,542.5 | 42,170.6 | 54,804.9 | 40,741.8 | 31,564.1 | 34,342.3 | 31,823.3 | 32,658.7 | 39,500.4 | 20,703.9 | 18,808.9 | 2,761.6 | 3,675.5 | 2,817.3 | 3,083.5 | 3,064.5 | 2,194.3 | 1,829.3 | 1,805.3 | 1,454.3 | 1,211.1 | 985.4 | 771.3 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 1,029.5 | 1,056.2 | 1,083.8 | 1,103.5 | 1,146.7 | 1,197.6 | 764.2 | 793.7 | 779.9 | 685 | 734.5 | 742.9 | 642.4 | 614.7 | 596.5 | 614.6 | 597.3 | 579.3 | 583.7 | 519.3 | 468.3 | 416 | 395.8 | 361.2 |
| Goodwill | 3,273.5 | 2,353.6 | 2,339.4 | 2,300.5 | 2,338.4 | 2,309.4 | 2,323 | 2,243.5 | 1,741 | 1,682 | 2,375.5 | 2,426.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1,603 | 1,336 | 1,343.6 | 1,333.1 | 1,210.1 | 1,215.8 | 1,071.5 | 886.4 | 620.2 | 534.2 | 580.1 | 637.1 | 2,931.8 | 2,651.0 | 1,877.2 | 1,601.4 | 1,623.7 | 1,532.4 | 1,653 | 1,314.8 | 1,247.1 | 705.7 | 609 | 575.2 |
| Long-Term Investments | 4.4 | 7.3 | 104.6 | 122.1 | (482.9) | (731.9) | (659.9) | (81.8) | (2,524.3) | 7.8 | 92.4 | 76.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 4,206.7 | 4,067.1 | 3,855.4 | 3,337.1 | 3,335.5 | 2,878.6 | 3,386.7 | 1,089.6 | 3,741.4 | 1,009.5 | 610.8 | 872.3 | 14,784.8 | 12,892.4 | 12,985.6 | 12,589.6 | 11,565.4 | 1,518.8 | 1,109.4 | 743.4 | 670.2 | 868.3 | 715.4 | 731.7 |
| Total Non-Current Assets | 10,117.1 | 8,820.2 | 8,800.4 | 8,263.3 | 8,030.7 | 7,601.4 | 7,545.4 | 5,038.7 | 4,521.3 | 4,169.6 | 4,647.8 | 4,925.5 | 18,359.0 | 16,158.2 | 15,459.3 | 14,805.6 | 13,786.4 | 3,630.5 | 3,346.1 | 2,577.5 | 2,385.6 | 1,990 | 1,720.2 | 1,668.1 |
| Total Assets | 53,369.3 | 54,362.7 | 50,971 | 63,068.2 | 48,772.5 | 39,165.5 | 41,887.7 | 38,849.1 | 37,180 | 43,670 | 25,351.7 | 23,734.4 | 21,120.6 | 19,833.7 | 18,276.5 | 17,889.1 | 16,850.8 | 5,824.8 | 5,175.4 | 4,382.8 | 3,839.9 | 3,201.1 | 2,705.6 | 2,439.4 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 169.1 | 100.6 | 96.8 | 110.2 | 141.1 | 102 | 125.5 | 135.4 | 149.7 | 152.3 | 130.3 | 126.9 | 175.2 | 174.0 | 148.7 | 156.3 | 129.4 | 67.0 | 126.2 | 110.3 | 96.4 | 66 | 56.2 | 65.5 |
| Short-Term Debt | 4,769.5 | 385.4 | 105.4 | 136.4 | 23.5 | 1,001.8 | 262 | 0 | 0 | 0 | 730 | 0 | 0 | 0 | 0 | 0 | 21.5 | 130.5 | 239.8 | 130.3 | 96 | 9.6 | 2.2 | 1.4 |
| Deferred Revenue | 262.8 | 199.8 | 188.6 | 188.2 | 203.9 | 212.5 | 220.7 | 226.5 | 232.9 | 233.2 | 329.8 | 356.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 31,381.7 | 43,420.4 | 41,391.2 | 53,822.9 | 34,403.8 | 28,213.2 | 31,243.6 | 29,340 | 28,821.8 | 33,331.8 | 16,000.3 | 15,306.5 | 110.5 | 215.1 | 227.0 | 147.7 | 1,145.7 | 1,089.0 | 855 | 779.3 | 643.2 | 467.6 | 419.8 | 349.4 |
| Total Current Liabilities | 41,278.3 | 45,080 | 42,767.6 | 55,158.7 | 38,094.8 | 30,126.6 | 32,627.7 | 30,413.6 | 29,815.9 | 35,847.4 | 18,763.4 | 17,341.6 | 1,768.4 | 1,998.8 | 1,411.1 | 1,336.3 | 1,296.7 | 1,286.4 | 1,221 | 1,019.9 | 835.6 | 543.2 | 478.2 | 416.3 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 3,974.7 | 2,991.3 | 2,989 | 2,987.1 | 2,985 | 1,002.8 | 2,002.2 | 2,002.4 | 2,002.4 | 2,007.7 | 42.7 | 52.1 | 76.2 | 84.7 | 90.6 | 110.2 | 132.0 | 145.8 | 192.1 | 401.2 | 403.7 | 390.2 | 373 | 347.6 |
| Deferred Tax Liabilities | 163.6 | 64.3 | 73.6 | 67 | 482.9 | 731.9 | 659.9 | 522 | 163.1 | 251.1 | 254.5 | 170 | 283.8 | 320.8 | 237.6 | 207.9 | 151.3 | 138.2 | 147.4 | 102.8 | 112.9 | 18.8 | 33.6 | 74.9 |
| Other Non-Current Liabilities | 1,058.3 | 990.8 | 933.7 | 924.2 | 834.1 | 837 | 798.7 | 728 | 830.2 | 701.1 | 470 | 587.9 | 13,574.5 | 12,057.9 | 11,422.9 | 11,533.7 | 10,688.0 | 246.5 | 208.4 | 198.3 | 172.4 | 152.3 | 129.5 | 106.1 |
| Total Non-Current Liabilities | 5,903 | 4,735.1 | 4,694.3 | 4,684.2 | 5,007.6 | 3,286.7 | 3,860.1 | 3,700.5 | 3,387.1 | 3,341 | 1,272.8 | 1,305.6 | 13,934.5 | 12,463.4 | 11,751.2 | 11,851.8 | 10,971.3 | 530.5 | 547.9 | 702.3 | 689 | 561.3 | 536.1 | 528.6 |
| Total Liabilities | 47,181.3 | 49,815.1 | 47,461.9 | 59,842.9 | 43,102.4 | 33,413.3 | 36,487.8 | 34,113.2 | 33,203 | 39,188.4 | 20,029.1 | 18,647.2 | 15,702.9 | 14,462.2 | 13,162.3 | 13,188.1 | 12,268.0 | 1,816.9 | 1,768.9 | 1,722.2 | 1,524.6 | 1,104.5 | 1,014.3 | 944.9 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 63.9 | 63.9 | 63.9 | 63.9 | 63.9 | 63.9 | 63.9 | 63.9 | 63.9 | 63.9 | 63.9 | 63.9 | 63.9 | 63.9 | 63.9 | 63.9 | 63.1 | 62.9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 25,240.6 | 23,622.2 | 22,118 | 20,696.3 | 19,451.1 | 18,436.3 | 17,500.6 | 15,271.3 | 14,728.2 | 14,003.3 | 10,716.6 | 10,029.8 | 7,326.9 | 6,710.9 | 5,977.3 | 5,153.4 | 4,477.1 | 3,848.4 | 3,374.7 | 2,922.3 | 2,538 | 2,182.8 | 1,883.4 | 1,630.1 |
| Accumulated Other Comprehensive Income | (883.4) | (1,808.3) | (2,305.8) | (1,993.7) | 10.6 | (14.8) | (257.3) | (680.8) | (379.2) | (215.1) | 156 | 276.2 | (19.5) | 158.8 | (118.3) | (233.0) | (229.4) | (135.5) | (932.2) | (832.4) | (764.3) | (682.2) | (605.4) | (550.7) |
| Total Stockholders' Equity | 6,188 | 4,547.6 | 3,509.1 | 3,225.3 | 5,670.1 | 5,752.2 | 5,399.9 | 3,459.6 | 3,977 | 4,481.6 | 5,322.6 | 5,087.2 | 5,417.7 | 5,371.5 | 5,114.2 | 4,701.0 | 4,582.8 | 4,007.9 | 3,406.5 | 2,660.6 | 2,315.3 | 2,096.6 | 1,691.3 | 1,494.5 |
| Total Liabilities & Equity | 53,369.3 | 54,362.7 | 50,971 | 63,068.2 | 48,772.5 | 39,165.5 | 41,887.7 | 38,849.1 | 37,180 | 43,670 | 25,351.7 | 23,734.4 | 21,120.6 | 19,833.7 | 18,276.5 | 17,889.1 | 16,850.8 | 5,824.8 | 5,175.4 | 4,382.8 | 3,839.9 | 3,201.1 | 2,705.6 | 2,439.4 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 9,065.4 | 3,705.3 | 3,444.3 | 3,494.4 | 3,351.7 | 2,349 | 2,264.2 | 2,002.4 | 2,002.4 | 2,007.7 | 772.7 | 52.1 | 76.2 | 84.7 | 90.6 | 110.2 | 153.5 | 212.8 | 431.9 | 531.5 | 499.7 | 399.8 | 375.2 | 349 |
| Net Debt | 5,717.6 | 791.9 | 1,360.8 | 2,058.1 | 776.5 | 440.5 | 315 | (167.6) | (778) | (1,183.4) | (1,492.6) | (865.4) | (636.8) | (1,325.5) | (708.2) | (1,165.1) | (1,074.1) | (648.5) | (320.3) | (59.1) | 185.3 | 86.2 | 136.6 | 168.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 4,079.7 | 3,752 | 3,412 | 2,948.9 | 2,598.5 | 2,466.5 | 2,292.8 | 1,620.8 | 1,733.4 | 1,492.5 | 1,055.4 | 935.6 | 1,018.1 | 1,100.8 | 924.7 | 840.8 | 696.8 | 605.3 | 513.5 | 454.7 | 394.8 | 334.1 | 294.2 |
| Depreciation & Amortization | 486 | 561.9 | 549.3 | 515.1 | 510.7 | 480 | 409 | 377.6 | 316.1 | 288.6 | 424.4 | 436.7 | 274.7 | 279.1 | 320.9 | 284.3 | 272.8 | 244.6 | 223.4 | 201.6 | 172.5 | 148.3 | 140.2 |
| Stock-Based Compensation | 266.1 | 243.5 | 220.4 | 201.7 | 175.3 | 130.8 | 167.3 | 175.4 | 138.9 | 137.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (1,145.5) | (1,417.4) | (938.7) | (1,638.3) | (937.4) | (1,120) | (1,205.8) | (92.5) | (98.3) | (128.9) | (109.6) | (176.5) | 288.0 | 143.2 | 126.0 | (110.6) | (134.4) | (89.1) | (60.5) | (13.5) | (91.1) | 26.6 | (55) |
| Other Non-Cash Items | 1,216.4 | 1,055 | 1,044.7 | 1,035.5 | 997.3 | 1,042.9 | 1,015.7 | 433.4 | 25.8 | 69.4 | 44.3 | 87.0 | 0 | 0 | 90 | 46.7 | 41.9 | 96.1 | 78 | (12.6) | 13.7 | (4.8) | 0 |
| Operating Cash Flow | 4,939.7 | 4,157.6 | 4,207.6 | 3,099.5 | 3,093.3 | 3,026.2 | 2,688.3 | 2,515.2 | 2,125.9 | 1,859.9 | 1,433.4 | 1,391.9 | 1,565.1 | 1,531.7 | 1,491.0 | 1,070.1 | 853.9 | 852.1 | 719.1 | 644.1 | 478.8 | 509.1 | 391.4 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (168.7) | (563.4) | (571.6) | (553.4) | (505.9) | (616.4) | (566.5) | (470.8) | (470.6) | (386) | (196.1) | (204.1) | (133.8) | (255.4) | (185.4) | (166.0) | (285) | (537) | (175.3) | (163.5) | (117.7) | (110.7) | (87.4) |
| Acquisitions | (1,165.1) | 0 | (32.4) | (11.7) | 505.9 | 616.4 | (125.5) | (612.4) | 146.6 | 162.2 | (434.4) | (295.2) | (651.3) | (219.8) | (73.7) | (175.2) | 276 | 0 | 0 | 5.6 | 0 | 0 | 0 |
| Purchases of Investments | (7,857.9) | (6,835.3) | (6,618.8) | (10,733.2) | (9,266.3) | (3,905.1) | (4,422.6) | (4,876.8) | (789.2) | (660.9) | (11,365) | (8,087.1) | (3,451.6) | (4,597.3) | (3,973.4) | (7,372.9) | (608.3) | (618.4) | (1,395.2) | (1,014.2) | (154.7) | (117.9) | (268.3) |
| Sales/Maturities of Investments | 6,539.1 | 6,039.5 | 4,705.5 | 4,249.7 | 6,238.4 | 7,648.4 | 2,909 | 3,455 | 3,593.6 | 5,215.4 | 6,629.1 | 6,003.0 | 5,515.6 | 4,167.0 | 3,087.4 | 4,001.8 | 277 | 550.4 | 1,362.1 | 1,208.3 | 0 | 0 | 0 |
| Other Investing Activities | (382.4) | (29.8) | 0 | 34.2 | (487.1) | (587) | 7.9 | 0.4 | 3,250 | (13,417.9) | 4,928.5 | 1,264.6 | (1,101.9) | (175.0) | 689.3 | 3,341.7 | (51.8) | (82.2) | (91.1) | (583.9) | (142.3) | (92.8) | (75.7) |
| Investing Cash Flow | (3,035) | (1,389) | (2,517.3) | (7,014.4) | (3,515) | 3,156.3 | (2,197.7) | (2,504.6) | 5,730.4 | (9,087.2) | (437.9) | (1,318.8) | 177.1 | (1,080.5) | (455.8) | (370.6) | (392.1) | (687.2) | (299.5) | (547.7) | (414.7) | (321.4) | (431.4) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | 5,748.6 | 921.8 | (1) | 127.4 | 979.7 | (2.2) | (2.1) | (7.3) | (2) | 1,996.8 | (0.8) | (1) | (0.4) | (3.6) | (22.1) | (92.2) | (197.4) | 113.3 | 44.3 | 69.7 | (6.2) | (1.7) | (9) |
| Stock Repurchased | (1,280.5) | (1,231.7) | (1,121.4) | (1,969.4) | (1,372.3) | (1,006.3) | (937.7) | (989.3) | (1,259.6) | (1,155.7) | (584.4) | (629.9) | (938.5) | (875.4) | (935.1) | (201.0) | (85.4) | (40.9) | (127.7) | (245.2) | (13.1) | (129.4) | (82.5) |
| Dividends Paid | (2,398.9) | (2,183.1) | (1,903.6) | (1,659) | (1,575.5) | (1,470.5) | (1,293) | (1,063.7) | (995.2) | (943.6) | (344.9) | (308.6) | (284.6) | (276.9) | (248.5) | (212.6) | (181.1) | (152.9) | (129.8) | (112.1) | (89.2) | (76) | (67.2) |
| Other Financing Activities | (9,173.6) | 1,061.3 | (12,746.3) | 17,154.4 | 8,405.6 | (3,411.6) | 2,025.1 | 404.4 | (6,120.6) | 8,817.3 | 9 | 8.5 | 0 | 0 | 0 | 0 | (0.1) | (1.8) | (3.8) | 66.5 | 20 | (0.8) | 2.7 |
| Financing Cash Flow | (6,973.4) | (1,431.7) | (15,680.7) | 13,653.4 | 6,437.5 | (5,890.6) | (207.7) | (1,655.9) | (8,281.7) | 8,790.1 | (746.5) | (770.4) | (1,130.8) | (927.8) | (987.5) | (333.1) | (363.6) | (3.2) | (143.4) | (95.5) | 10.9 | (129.9) | (83.2) |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | (5,031.4) | 1,314.5 | (14,011.5) | 9,639.8 | 6,089.6 | 257.4 | 254.1 | (1,639.5) | (410.7) | 1,551.8 | 262.4 | (697.2) | 611.4 | (476.5) | 47.7 | 366.4 | 98.2 | 161.7 | 276.2 | 0.9 | 75 | 57.8 | (123.2) |
| Cash at Beginning | 10,086 | 8,771.5 | 22,783 | 13,143.2 | 7,053.6 | 6,796.2 | 6,542.1 | 8,181.6 | 3,191.1 | 1,639.3 | 713 | 1,410.2 | 798.8 | 1,275.4 | 1,227.6 | 861.3 | 763.1 | 590.6 | 314.4 | 313.6 | 238.6 | 180.8 | 304 |
| Cash at End | 5,054.6 | 10,086 | 8,771.5 | 22,783 | 13,143.2 | 7,053.6 | 6,796.2 | 6,542.1 | 2,780.4 | 3,191.1 | 975.4 | 713.0 | 1,410.2 | 798.8 | 1,275.4 | 1,227.6 | 861.3 | 752.3 | 590.6 | 314.5 | 313.6 | 238.6 | 180.8 |
| Free Cash Flow | 4,771 | 3,594.2 | 3,636 | 2,546.1 | 2,587.4 | 2,409.8 | 2,121.8 | 2,044.4 | 1,655.3 | 1,473.9 | 1,237.3 | 1,187.8 | 1,431.3 | 1,276.3 | 1,305.6 | 904.1 | 568.9 | 315.1 | 543.8 | 480.6 | 361.1 | 398.4 | 304 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||
| Revenue | 20,560.9 | 19,202.6 | 18,012.2 | 16,498.3 | 15,005.4 | 14,589.8 | 14,175.2 | 13,327.7 | 12,379.8 | 11,667.8 | 10,938.5 | 12,206.5 | 11,310.1 | 10,665.2 | 9,879.5 | 8,927.7 | 8,867.1 | 8,776.5 | 7,800 | 6,835.6 | 7,983.7 | 7,754.9 | 7,147.0 | 7,004.3 | 7,017.6 | 5,938.9 | 5,540.1 | 4,798.1 | 4,112.2 | 3,566.6 | 2,893.7 | 2,469 | 2,223.4 |
| Gross Profit | 10,452.2 | 9,590.6 | 8,805.5 | 7,730.6 | 6,974 | 6,705.7 | 6,620.3 | 6,049.1 | 5,647.6 | 5,354.2 | 5,035.3 | 5,621.7 | 5,250.7 | 4,961.8 | 4,660.4 | 4,341.3 | 4,457 | 4,541.7 | 4,118.9 | 3,619.1 | 3,945 | 4,229.5 | 4,050.3 | 4,033.6 | 4,117.4 | 3,374.4 | 3,163.9 | 2,735 | 2,389.4 | 2,050.2 | 1,716.4 | 1,442.6 | 1,296.2 |
| Operating Income | 5,411.9 | 4,943 | 4,506.2 | 3,803.2 | 3,324.6 | 3,141.7 | 3,004.6 | 2,577.9 | 2,418.3 | 2,248.1 | 2,014 | 2,222.7 | 2,039.9 | 1,959 | 1,824.7 | 1,777.4 | 1,830 | 1,726 | 1,506.5 | 1,298.2 | 1,561.9 | 1,438.2 | 1,518.1 | 1,673.0 | 1,616.9 | 986.5 | 1,103.5 | 908.4 | 781.2 | 665.2 | 558.6 | 467.2 | 406.4 |
| Net Income | 4,079.7 | 3,752 | 3,412 | 2,948.9 | 2,598.5 | 2,466.5 | 2,292.8 | 1,620.8 | 1,733.4 | 1,492.5 | 1,452.5 | 1,515.9 | 1,405.8 | 1,388.5 | 1,254.2 | 1,211.4 | 1,332.6 | 1,235.7 | 1,138.7 | 1,554 | 1,055.4 | 935.6 | 1,018.1 | 1,100.8 | 924.7 | 840.8 | 696.8 | 605.3 | 513.5 | 454.7 | 394.8 | 329.3 | 294.2 |
| EPS (Diluted) | 9.98 | 9.10 | 8.21 | 7.00 | 6.07 | 5.70 | 5.24 | 4.25 | 3.85 | 3.25 | 2.89 | 3.12 | 2.81 | 2.82 | 2.52 | 2.40 | 2.63 | 2.20 | 2.01 | 1.45 | 1.79 | 1.18 | 1.34 | 1.75 | 1.44 | 1.31 | 1.10 | 0.98 | 0.85 | 0.77 | 0.69 | 0.59 | 0.52 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 3,347.8 | 2,913.4 | 2,083.5 | 1,436.3 | 2,575.2 | 1,908.5 | 1,949.2 | 2,170 | 2,780.4 | 3,191.1 | 2,265.3 | 917.5 | 713.0 | 1,410.2 | 798.8 | 1,275.4 | 1,227.6 | 861.3 | 752.2 | 590.6 | 314.4 | 313.6 | 238.6 | 180.8 | |||||||||
| Total Assets | 53,369.3 | 54,362.7 | 50,971 | 63,068.2 | 48,772.5 | 39,165.5 | 41,887.7 | 38,849.1 | 37,180 | 43,670 | 25,351.7 | 23,734.4 | 21,120.6 | 19,833.7 | 18,276.5 | 17,889.1 | 16,850.8 | 5,824.8 | 5,175.4 | 4,382.8 | 3,839.9 | 3,201.1 | 2,705.6 | 2,439.4 | |||||||||
| Total Debt | 9,065.4 | 3,705.3 | 3,444.3 | 3,494.4 | 3,351.7 | 2,349 | 2,264.2 | 2,002.4 | 2,002.4 | 2,007.7 | 772.7 | 52.1 | 76.2 | 84.7 | 90.6 | 110.2 | 153.5 | 212.8 | 431.9 | 531.5 | 499.7 | 399.8 | 375.2 | 349 | |||||||||
| Stockholders' Equity | 6,188 | 4,547.6 | 3,509.1 | 3,225.3 | 5,670.1 | 5,752.2 | 5,399.9 | 3,459.6 | 3,977 | 4,481.6 | 5,322.6 | 5,087.2 | 5,417.7 | 5,371.5 | 5,114.2 | 4,701.0 | 4,582.8 | 4,007.9 | 3,406.5 | 2,660.6 | 2,315.3 | 2,096.6 | 1,691.3 | 1,494.5 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 4,939.7 | 4,157.6 | 4,207.6 | 3,099.5 | 3,093.3 | 3,026.2 | 2,688.3 | 2,515.2 | 2,125.9 | 1,859.9 | 1,433.4 | 1,391.9 | 1,565.1 | 1,531.7 | 1,491.0 | 1,070.1 | 853.9 | 852.1 | 719.1 | 644.1 | 478.8 | 509.1 | 391.4 | ||||||||||
| Capital Expenditure | (168.7) | (563.4) | (571.6) | (553.4) | (505.9) | (616.4) | (566.5) | (470.8) | (470.6) | (386) | (196.1) | (204.1) | (133.8) | (255.4) | (185.4) | (166.0) | (285) | (537) | (175.3) | (163.5) | (117.7) | (110.7) | (87.4) | ||||||||||
| Free Cash Flow | 4,771 | 3,594.2 | 3,636 | 2,546.1 | 2,587.4 | 2,409.8 | 2,121.8 | 2,044.4 | 1,655.3 | 1,473.9 | 1,237.3 | 1,187.8 | 1,431.3 | 1,276.3 | 1,305.6 | 904.1 | 568.9 | 315.1 | 543.8 | 480.6 | 361.1 | 398.4 | 304 | ||||||||||